Circum Mulls China Partner for $2.6 Billion Ethiopian Potash

potashCircum Minerals Ltd., a closely held Canadian miner, held talks with Chinese and Indian companies about establishing a partnership to develop a $2.58-billion Ethiopian potash plant as it awaits a mining license from the government, its chief executive officer said.

Several companies from other nations are also interested in the world’s “lowest-cost” potash mine in the northeast Afar region that may generate $1 billion of the fertilizer ingredient a year by 2022, Brad Mills said by phone from Toronto on Wednesday. Chemical producers, industrial engineering companies and Chinese and Indian potash-sellers with valuations of at least $25 billion are the type of partners being considered, he said.

Read more at: http://www.bloomberg.com/news/articles/2015-11-06/circum-mulls-china-partner-for-2-6-billion-ethiopia-potash-mine